RiskFirst’s web-based risk analytics platform will help Cardinal
enhance its liability and risk forecasting analysis and reporting, in
order to deliver innovative LDI solutions and optimized portfolio
strategies.

Scott Skornia, Managing Director, Cardinal Investment Advisors, says:
“Cardinal is committed to investing in tools and resources that help us
to meet our key objective: optimizing the creation, implementation and
monitoring of investment strategies. We have always looked at such
strategies from a liability/risk perspective and PFaroe aligns perfectly
with this view. The tool will be an asset to our offering; automating
our reporting and allowing us to have all our data in one place –
everything from the attribution of risk, all the way down to having
access to underlying benchmark data. The system will bring greater
levels of efficiency and streamlining to the business.”

Matthew Seymour, CEO, RiskFirst, comments: “Cardinal deals frequently
with complex portfolios and equally complex liability structures, and is
dedicated to delivering innovative LDI solutions and optimized portfolio
strategies. Cardinal has historically created in-house the financial
tools and analytics required to do this, with a reputation for
developing best-in-class asset-liability models, so we are delighted
that they have decided to bring in PFaroe to add value to their
specialist offering for clients old and new.”

RiskFirst is a financial technology business that provides intuitive,
user-friendly risk analytics and reporting. Its core product PFaroe® is
web-based, available anytime and anywhere, and allows users to evaluate
risk from multiple perspectives and to perform real-time scenario stress
testing. Initially targeted to defined benefit pension plans, it is now
the market leader in the UK, with a growing foothold in the U.S.